A column in the New York Times in 2017 was titled The Low-Inflation World May Be Sticking

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A column in the New York Times in 2017 was titled “The Low-Inflation World May Be Sticking Around Longer Than Expected.” Are the low inflation rates of recent years entirely the result of Federal Reserve policy? Could they have occurred without the Fed having a mandate to achieve price stability? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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